David Ferryman, CN vice president – engineering, announced the grant at a recent AREMA Board of Governors meeting. The endowment will fund a "CN" Scholarship through the Foundation in perpetuity.

James Carter, Jr., current president of the Board of Governors and Foundation president said, "We are very pleased that CN has decided to endow a scholarship. CN is the fourth Class 1 railroad to support the AREMA Foundation in this extraordinary way."